The Washington critic., 1887-09-13
REAL ESTATE M1TTERS.
Something Interesting About Prof
ertY In East WashIngton.

Something Interesting About Prop
erty In East Washington.
The lively times in real estate matters
which have been predicted seem likely to
arrive even earlier than anticipated. Al
ready there are signs Of activity, and every
thing betokens brisk fall and winter busl-
ness. That large investments are to be
made In District real estate there Is no
doubt, and the only question seems to be,
"Where shall we investS North, south,
east or west of the Capitol 7"
At present prices there is, perhaps, little
risk In investing almost anywhere In the
District Of Columbia, for, even II Governor
Shepherds prediction that In twenty years
the population Of Washington will reach
100000 souls should not be literally real
lied, there will be, unquestionably, an I'm
mense increase In population before 1897.
Every indication points to the probability
that Washington Will be the home of very
large population. Unlike New York and
other commercial cities which are the
Washington viii furnish homes to large
population drawn hither because II is to be
the literary, as 1t is now the governmental
and social centre Of the country-a popula-
tion OF the elite Of the land, aud with these
will come tradesmen and artisans, who will
find employment here and must have homes.
This is no new theory, but 1t was never
more fully realized than now, and the
avidity with which choice pieces OF prop
erty ard desirable building lots are sought
and secured as Investments, proves conclu-
sively that the shrewdest men in the nation
are firm believers In the fature OF Washing
ton. The subject is attracting the atten-
tion Of capitalists throughout the land; It
forms the topic OF earnest discussion at
brokers' boards and In private Offices, and
Is finding expression in correspondence con-
orders to purchase.
"Where shall we invest to the best ad-
vantage? In North, So4th, East or West
WashiDgtonS' ~ are the questions pro-
! pounded. In recent conversation with
Mr.. Loring Chapel OF No. s22 IL street
! northeast that gentleman expressed the
! opinion that East Washington, all things
considered, had most encouraging out
look for capitalists, and he fortified his
statement by arguments that seemed un-
answerable. Mr.. Chapel knows what he
talks about for he has resided In East
| Warrington many years, has studied the
subject and watched the market closely;
and believing, as he does, most implicitly
In the future growth Of East Washington,
has invested largely OF his own capital
there, and has lived to sec others, whose
judgment is respected, place their capital ir
Investments where 1t seems impossible fol
| them to sustain loss
The desirability OF East Washington as a
place Of residence cannot be denied, and the
demand for houses Of moderate cost largely
exceeds the supply. Beside this 1t will bt
borne In mind that East Washington hat
| not yet felt the "boOmn so far as extravs
giant prices are concerned. Already im
proyenents are going on In that section o.
the city which will tend to enhance th,
value OF real estate, and In a short time
material advance over present quotation
may reasonably be expected. Mr.. Chappe
hes several very choice building lots OF hi
owp, and others which have been placed II
Ills charge for sale, which he offers at price
that cannot fail to be satisfactory TO thos
who are seeking for paying investments
ard he would be pleased TO confer wilt
any parties who are contemplating the pur
chase Of real estate. He is also engaged 4
the erection Of houses OF the class now mos
In demand, and proposes to build NOR
| In the near future.
MIR. Chapel may be seen daily at hi
office and residence, No S22 II street north
east, by any who are interested In this sui
ject, and would be pleased TO give to sue
callers the benefit OF his experience and
opportunity to share In the financial advar
tages to be secured (he confidently believes
In judicious Investments In East Washing